“The stock market loves President Barack Obama. With all its cheating heart, and all its mercenary soul,” Jon Markman reports for MarketWatch. “More than that, actually — it adores him. The love story of Wall Street and Obama is a bromance like no other, a man-crush for the ages.”

“Despite his threats to soak the wealthy for more taxes, despite Fed Chairman’s attack on savers, despite even his threat to kill special treatment for dividends, institutional investors have thrown themselves at Obama’s feet as they have not done in the first term of any president in the past century,” Markman reports. “You could look it up. The S&P 500 has gained 76% since his inauguration in January 2009, while the Nasdaq 100 is up 128%.”

“The staggering advance of the market is probably one of Obama’s greatest accomplishments, and yet, in a rich irony, political sensitivities prevent him from bragging about it,” Markman reports. “The beauty part is that this was not a coincidence, beginner’s luck or a historical fluke. The administration and the Federal Reserve run by his appointed chairman, Ben Bernanke, have systematically stuffed big banks’ pockets with cash in an unending rescue effort, slashed interest rates to the lowest levels of the past 300 years, diverted senior citizens’ savings to revive the moribund residential construction industry and showered drug makers and insurers with fresh sources of revenue from his health care overhaul.”

Markman reports, “Little wonder then that Wall Street cannot bear the idea of parting ways with the Obama administration, and thus in the past two months has thrown a tantrum to protest the surprising advancement of challenger Mitt Romney in the polls. Now that the president has won a second term, you can expect most of the sectors that have benefited from the present administration to keep on rolling. Here are some top prospects.”

“The Obama Administration has not promoted a coherent technology policy. But outside of a couple of attempts to rein in Google, it has not willfully attacked the tech industry either,” Markman reports. “The group has risen 114% during the four years, led by the 675% blitzkrieg of Apple and 390% advance of Amazon.com… Expect the market to continue its bromance with Obama in a second term, but buy into it opportunistically when panic is in the air.”

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182 Comments

I dont think it was an easy win. Obama lost 5 million believers from 2008. But believe what you will.

The best that can be hope for is gridlock and the legislature not passing bills they don’t read or understand.

Health care and cost is not going to get better and neither will cost of education. Education will get more expensive and more children will be given loans to go. In the end they will be enslaved with enormous debt and a lack of jobs while Obama caters to Wall Street. I have never seen American youth enslaved like this. Was not this way a short 40 years ago. Student loans did not exist then. This is the future of America, like it or not.

I think the best we can hope for is that the people will wake up and start taking responsibility for their own actions, instead of expecting crazed power monger a or b to sort things out for them. People like that work for what they perceive as their own best interests.

Why would Obama or Romney work for your interests? Because you voted for them? Those of you who have employees will know that even those you pay to work for you will still look after themselves first, and cheat you at any opportunity.

Expecting someone you don’t even know to put you above their family and friends is just stupid, especially when you have no choice about paying them because you have no choice but to pay taxes.

I am amazed at how foolish the nitwit liberals are on this site. From all parts of the world too. They are are a very sad statement for the mental health of a large part of the world population. Certified Lemmings.

You will discover that most MDNers are not fond of posts like yours. If you have something constructive to contribute to this forum regarding Apple, then fine. If you are here to hawk your politics, then begone.

Yeah, 3 people in my family including myself got laid off from long term jobs in the last Obama business model. Can’t wait to see what damage he does this time around.

Usually if my candidate choice doesn’t win I’m sorta “meh” with it. This time I had a very fearful feeling in the pit of my stomach over the economy and foreign policy. He’s SCARY on both fronts. God (or whatever deity you pray to) help us.

The Republicans need to get off their anti-Abortion platform, this view is losing elections, and it’s illogical. It was such a close race that the female vote could have swung this thing to Romney. I don’t blame women for not wanting to put someone in office who says he’s going to appeal Roe vs. Wade. We already went through a period of illegal abortions in back rooms (they WILL occur, Dr or no Dr.) that is why we changed it to a procedure that wasn’t performed by some shifty guy in a filthy back room where the mother and child end up both dying.
Probably the only ones cheering more over Obama’s win last night than the Democrats were the Muslim Terrorists.

I like the adage “teach people correct principles and let them govern themselves”. What this means to me, is that I agree with you more than ever. Repubs should dump the social issues, let people do what they want, just so we get a guy that understand business, economy, foreign policy, etc.

Whether dems realize it or not, we were attacked on 9-11 again. Obama has made us more vulnerable to terror. he is a big fail.

Sure, I blamed Bush and his supermajority Congress for a lot of things. But I also gave him credit when it was due. And that is the difference between rational thought and insane political religion.

According to the far right extremists on this site, absolutely everything is Obama’s fault, including some things that happened prior to his administration. That is delusional, and the American public voted down that revisionist history. So how about giving up your political rants and start working with the rest of us to construct a workable solution.

It only took three minutes for your hopes to be dashed. On behalf of reasonable Yanks I apologize. But, I too, hope this board returns to tech issues lets go of the inbred vitriol that always seems to takeover here during election season.

Now the shysters in London and WS can now resume the gouging in the commodities market. Secretary Chu will now fulfill his promise of $10 gas in the US.

Of course, gasoline will go down, lest the shysters be hit with a backlash that even their friend Obama cannot ignore. Once the folks in staten island are placated, prices will rise. Of course WTI and London crude with still move up. Just gasoline will fall (the shysters will make it up by shorting both gasoline and the refiners).

Only good development is that Hilary will not win in 2016 since the economy will be blamed on a democrat Obama. Had Romney won, Hilary would win in 2016. Common band of Romney and Obame are the welfare of the shysters of WS and London.

Just to let you know, I did a write-in, Bernie Sanders. Although I am conservative, sanders is the only one who has tried to address the issue. Heis the only one with a bill that lowers the leverage the scumbag shysters of WS now have. By the way it is a 20 to 1 leverage. Romney would never have addressed this and neither will the feel your pain hypocrites like Clinton and Obama. My greatest fear was for a Romney win, which would put the hicks from arkansas back in the white house come 2016.

Unless the gouging in WS and London is stopped, there will be no change. For now I feel confident the Clinton’s will have no chance in 2016. There will be no recovery.

“hicks from arkansas”
Would that be the Georgetown/Yale Law/ Rhodes Scholar/ Phi Beta Kappa who presided over the massive economic growth of the mid-late 1990’s and balanced numerous budgets? Or his highly accomplished wife?

Of course whitewater never happened.
Of course they are champions of women. Idid not whatever with that woman. I did it because I could. All learned while at those esteemed institutions. I wonder what schools the kids of Bernie Madoff went to.
The world would be a better place without those ivy league cesspools. The philosophers of old must be turning in their graves. So much for their vision of a philosopher king.
Well, if any rand’s nonsense pseudo-intellectual gibberish is called a philosophy, anything goes for these pseudo-intellectual snobs.

Just to let you know, I did a write-in, Bernie Sanders. Although I am conservative, sanders is the only one who has tried to address the issue. Heis the only one with a bill that lowers the leverage the scumbag shysters of WS now have. By the way it is a 20 to 1 leverage. Romney would never have addressed this and neither will the feel your pain hypocrites like Clinton and Obama. My greatest fear was for a Romney win, which would put the hicks from Arkansas back in the white house come 2016.

Unless the gouging in WS and London is stopped, there will be no change. For now I feel confident the Clintons will have no chance in 2016. There will be no recovery.

Where to put money? Not in America, where Obama can get his grubby hands on it! Best to put in tin can and bury in backyard. Meanwhile, sell your Apple stock before capital gains rate goes up. Taking my profits and running with them, because Obama didn’t earn that, and investing in offshore accounts! Good luck America, you’re gonna need it!

You mean bet against America and ship our jobs overseas and keep a euro hedge fund? Or talk shit on the auto bailout while stuffing your pockets with TARP Money? Or is it bankrolling your campaign with Sheldon Adelson’s Chinese Mob money?

Why sell AAPL now (or ever)? Capital gains only takes effect when you sell. This may be another reason not to sell if you dont have to.

In the bank or in a tin can – same thing. Wont grow and inflation will make it disappear. Good advise, bud. Not!

Actually, for property owners with a mortgage the future is bright. Their mortgage will be paid of with inflated dollars. Renters are screwed as rents will sky-rocket. My favorite times in were the Carter years when inflation was double digit. Happy days are coming again.

I don’t hate, I don’t threaten riots, I don’t march around in the streets claiming that I’m part of the 99% and destroying private property. I’m afraid however that there is little to celebrate that I can see.

They are pissed because after 4 years of vote law rigging, disenfranchisement, Citizens United, Karl Rove’s multiple dark money pools and Comedian Rush Limbaugh’s clown circus of right wing disinformation, they lost.

They lost. 2-3 billion spent and they lost to the rabble

Come 2014 they will lose the House and most of the state legislatures they hold.

2010 was the high water mark for Neo-conservatism and Willard RobbedMe to Lyin’ Ryan down with him.

Money, money, money… Hey folks there ain’t just money in life!
USA just avoided a human disaster!
It’s a great day for the world looking at America: finally, there are some clever enough people there!
Republicans would have just printed tons of uncovered $ bills and pretend the 4 trillions debts are nothing… and that god would have arranged everything with the help of the riches…

Not introspection from the pachyderm.
47%
Self deportation
Akin
McMahon
Mourdock
If Romney wins the same % of Latino vote as McCain, R wins the election
The world is not composed of the talk radio clowns.

Rubio (or Rubio-like candidate). If the GOP finally wakes up an stops nominating RINO pablum, this horrible 8 years of stagnation, decline and worse (good luck ambassadors!) will prove to be of some value after all.

In the meantime, makers, get to work, the takers are waiting with their mouths agape!

Dude! You just don’t get it, do you?
Fine. I’ll break it down for you. While your party was building fences along the border, passin “papers, please” laws, pissing on the DREAM act and promoting “self-deportation”, PRESIDENT Obama was reaching out to Hispanics saying he wants a comprehensive immigration plan. If he gets it, who do you think will get the credit for it? If he doesn’t get it, who do you think will get the blame? ALL of the Bushes AND Rick Perry tried to warn you: YOUR PARTY IS SCREWED! Just as the African-American vote is forever lost to you, SO IS THE HISPANIC VOTE! Heck, you even lost the ASIAN vote by an overwhelming margin!

As I told you more than 15 months ago, your party is soon to be irrelevant, if it isn’t already!

As that lady in a famous clip yelled at someone’s campaign rally last year: “I want my America back.” The America she and many other retrogressives want back is never coming back. That was the America where Daddy went off to work avery day and brought home the lettuce. Mommy was up at dawn to get breakfast ready for Daddy and the kids, then she went shopping for food and clothes, was the family economist. Nowhere did you see an Asian or Hispanic or (gasp) a Negro face. Everyone was lily white and you were either Catholic or Protestant. Two cars in every garage. Bowling alleys were the gathering places. However, like everything, times changed and we (my immediate neighbors and I) are a mixture of races, religions, political beliefs, and *surprise!* we all get along fine as we chat while out on strolls through the neighborhood. Do I care? Not a bit. This is my 21st Century America and I love it no less than I did 60 years ago.

@Mikey: Please don’t confuse the march of time with either political party – they’ve both done a lot of good and some not so good. My point is that we simply can’t go back to that America of 50 years ago, no matter who is elected.

But I will say that there’s some truth in your comment about kids who are raised in day care more often than not turn out bad – Meg Whitman’s two nanny-raised (equivalent to day care) sons are prime examples of that.

Myself, I’d love an election based truly on economic policy. But until the republicans learn to keep their noses out of our bedrooms, to stop pandering to hate and divisiveness, I’m stuck voting for democrats I’m not really that excited about. Though I have to admit a few good democrats I was for surprisingly won.

As one of my friends said yesterday very well:
For those who are disappointed, may the next 4 years be better than you feared, and those who are happy may they be as good as you hoped.

2012 was the Republicans year to grab the brass ring and kill off the vestiges of the New Deal and Great Society. They used every dirty trick in the voter suppression book and 2-3 trillion in money and managed to lose to a marginal President in a shitty economy.

It’s over. The Republicans are going to start drifting to the center or will become insignificant outside Alabama and Mississippi. Make book on it.

you’re probably one of the biggest most pompous gas-bags on MDN—no disrespect. I would say that the House has been the biggest roadblock to your nation repairing itself. you know, Boehner is public enemy #1. he needs to be stopped.

wait what ever happen there being an opposition? Funny when there was a republican majority back in 1994, there were cries that there were no opposition to the republicans. This should force real compromise and not just steam roll their way.

Unfortunately the Republican party (not the grass roots, or more reasonable Republicans the party *claims* to represent but does not) has become the “ME” party, as in “If I can’t have it MY way then it won’t be any way at all!” Boehner’s statement that he viewed his job #1 as making sure Obama did not get re-elected was just such a stupid attitude. Boehner’s job #1 should have been fixing the economy. The Republicans should have LED THE FIX. Instead they led blocking *anything* substantive from happening. Karma’s a bitch. If they remain the party with the primary goal of doing nothing but making Obama look bad, whether he wants to push good ideas or not, then Republicans might lose again in 2016!

Think of it this way…
I’m not part of the 1%, but I’m probably part of the 3%. For every dollar of my gross income in 2011 the U.S. Government got over 30 cents (through income taxes, payroll taxes, capital gains taxes, etc. Not all of that 30 cents came directly from me. Some came from employers, some came from business associations [not business taxes]). However, some of my friends and associates had incomes *well* in excess of mine (think 10s of millions per year) that for every dollar of their gross income the federal government got less than 16 or 17 cents. Those people pocketed the over 14 cents per dollar. Did ANY of those people start new businesses with that money? No. Did ANY of those people expand their businesses (if they even had businesses in the first place) or hire more people? No. They ALL simply increased their portfolios because of the bad economy and are hedging their bets. “I’m going to take care of me. To hell with anyone else.” ALL of them. (and I’m not talking about a half dozen or dozen people I know. I’m talking several dozen.) Every last one of them is against raising capital gains taxes (the source of income for many of them) or income taxes in any way that would affect them.

Everyone needs to compromise a bit.

Sitting back and saying “There is no compromise here.” is just asinine. There is no other way to describe it.

“Boehner’s statement that he viewed his job #1 as making sure Obama did not get re-elected was just such a stupid attitude.” That was said by Senator Mitch McConnell, the king of political venality, not Boehner. I suggested to the newly re-elected President that he should serve McConnell a heaping plate full of crow.

Yes, McConnell did say it, but Boehner jumped onto the bandwagon and said it too. I completely ignored at the McConnell at the time and subsequently forgot him. Boehner has the ability to sway the rules in various committees to require things like super majority votes for certain committee actions. Thus even if some more moderate Republicans wanted to compromise their movement would be useless and nullified. Thus when Boehner jumped on the bandwagon and said it too, it was a significant event — even though it was almost not reported in the media at all since MCConnell said it first (it was no longer shocking news so why report it?)

Hey Shadow! It’s also precisely why the Tea Party got its ass kicked! What First 20-whatever fails to realize is that although the Dems did not take control of the House they did GAIN seats, they EXPANDED their lead in the Senate, AND won the majority of the governor races up for grabs. Their is no silver lining or “spin” the repubs can put on that.

@temprakneeoh: Watch it buddy! While I really like reading TMac’s perspectives on technology, I don’t always agree with his political opinions. I consider him (and many others on this forum) to be part of a band of like-minded Apple fans, and as such, he is entitled to his opinions. What I don’t like is people who resort to ad hominem arguments (attacking the person rather than the opinion). TMac is neither pompous nor a gas bag. To me he is a cyber-friend and no one has the right to ambush him with personal attacks.

What’s your point? I accept opinions but only if they are relevant to the topic. People who decide to attack the person rather than the topic aren’t contributing to the discussion but are rather simply going after someone about whom they know nothing about, so they resort to name-calling and such. That’s not in anybody’s interests.

Incidentally, I strongly object to anyone’s use of creating portmanteaux out of “liberal” or “conservative” or whatever and the part-word “tard” from “retard.” People who are mentally challenged have a hard enough time dealing with life without being mocked. Please note what I said: I object to the use!

He has special voodoo metrics, that mere mortals do not see. Remember?

You would think they might get it. GOP “ideals” took a beating last night, especially in Florida!!

I was so pleasantly surprised to discover that Florida rejected the Koch brothers funded assault on Justices, Judges, and the constitution. Rick Scott’s attempts to disenfranchise voters only enraged them and brought em out!

Medical MJ in MA, Legal MJ in CO, WA, OR. Two states legalized gay marriage. Tea-baggers thrown out of Congress.